Kolleno secures £4m in seed funding led by Eurazeo and Stride to scale its financial automation platform.
The seed round was co-led by Eurazeo and Stride with backing from institutional and angel investors.
Kolleno is a London-based financial technology company that provides accounts receivable and cash flow management software for small and medium-sized enterprises. Its platform automates credit control and payment collections using machine-learning technology.
Kolleno has secured £4m in seed funding to support its ongoing development and market expansion. The round was led by Eurazeo and Stride, with participation from Euler Hermes, HubSpot, and various angel investors.
Founded in 2020, the company offers a digital platform that streamlines B2B credit control, cash reconciliation, and collections. The fresh capital will be deployed to scale product capabilities and expand operations across multiple regions.
The investment highlights growing interest in the digitalisation of business-to-business payments and financial operations. Kolleno plans to utilise the funds to grow its team and broaden its software integrations.
From the founder
"Previously, businesses had to hire credit control specialists or give extra tasks to existing members of their team to manually monitor the payment dynamics of customers. An employee had to identify late payers, then prioritize, contact and follow up with individual clients to ensure late payments were received. This was not only time-consuming but also stressful for business owners and often prone to errors,"
Dimitri Raziev
CEO and co-founder at Kolleno
Investor perspective
"The B2B payments market is far bigger than the B2C. However, the level of digitalization in the B2B sector is lagging behind. That is why we are excited to invest in Kolleno – I firmly believe that the biggest opportunities in the B2B payments sector are yet to come"
Chloé Giard
investment director, Eurazeo
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
- 03Grow the team